Ricardo Gomes, president of AICCOPN (Association of Construction and Public Works Industries), analyzed the housing sector situation in Portugal. He stated that the industry has improved compared to a year ago, but is still progressing slowly.
After several years marked by lack of supply, price increases, and difficulty meeting demand, the government implemented several measures to accelerate housing construction. Among these is the reduction of VAT from 23% to 6%.
Ricardo Gomes was asked whether this measure will be sufficient to address the housing deficit. His answer is available in a podcast. The sector and activity are better than they were a year ago, but they continue to move slowly.




